DekaBank Deutsche Girozentrale cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,875 shares of the semiconductor manufacturer’s stock after selling 8,403 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Skyworks Solutions were worth $9,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SWKS. WFG Advisors LP grew its position in shares of Skyworks Solutions by 14.8% in the 2nd quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after acquiring an additional 171 shares in the last quarter. Sun Life Financial INC grew its position in shares of Skyworks Solutions by 551.5% in the 2nd quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after acquiring an additional 1,136 shares in the last quarter. Dubuque Bank & Trust Co. acquired a new position in shares of Skyworks Solutions in the 2nd quarter worth approximately $182,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Skyworks Solutions in the 2nd quarter worth approximately $202,000. Finally, Round Table Services LLC acquired a new position in shares of Skyworks Solutions in the 3rd quarter worth approximately $204,000. Institutional investors own 80.58% of the company’s stock.

SWKS has been the subject of several research reports. Zacks Investment Research upgraded Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Instinet assumed coverage on Skyworks Solutions in a research report on Wednesday, September 6th. They issued a “buy” rating and a $115.00 target price for the company. BidaskClub upgraded Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Drexel Hamilton restated a “buy” rating and set a $128.00 price objective (up previously from $120.00) on shares of Skyworks Solutions in a research report on Tuesday, November 7th. Finally, Charter Equity restated an “outperform” rating on shares of Skyworks Solutions in a research report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $115.68.

In other news, insider Liam Griffin sold 2,610 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total transaction of $260,947.80. Following the sale, the insider now directly owns 50,408 shares of the company’s stock, valued at $5,039,791.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert John Terry sold 7,986 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $110.32, for a total value of $881,015.52. The disclosure for this sale can be found here. Insiders have sold 120,094 shares of company stock worth $13,065,904 over the last ninety days. 0.49% of the stock is owned by insiders.

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Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) traded down $0.06 during trading on Friday, hitting $110.00. The stock had a trading volume of 1,323,359 shares, compared to its average volume of 1,992,578. The firm has a market capitalization of $20,220.00, a price-to-earnings ratio of 18.47, a PEG ratio of 1.09 and a beta of 0.90. Skyworks Solutions, Inc. has a 12 month low of $71.65 and a 12 month high of $117.65.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Monday, November 20th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 23.66%.

Skyworks Solutions Company Profile

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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